NYSE$RKT

Rocket Companies Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Rocket Companies reported Q4 2021 earnings with a net revenue of $2.6 billion and a net income of $865 million. The company's Rocket Mortgage division generated $75.9 billion in mortgage origination closed loan volume. A special dividend of $1.01 per Class A common stock was declared.

Rocket Companies reported strong Q4 2021 results, with net revenue of $2.6 billion and net income of $865 million. Rocket Mortgage's origination volume reached $75.9 billion. The company also declared a special dividend of $1.01 per share and continues to expand its platform through acquisitions like Truebill.

  • Generated Q4 net revenue of $2.6 billion and Adjusted Revenue of $2.4 billion.
  • Delivered Q4 net income of $865 million and Adjusted Net Income of $637 million.
  • Rocket Mortgage generated $75.9 billion in mortgage origination closed loan volume.
  • Servicing book unpaid principal balance grew to $552 billion.

Headline financials

Total Revenue

$2.44B

Previous: $4.78B-49.0%
EPS (adj)

$0.32

Previous: $1.14-71.9%
Closed Loan Volume

$75.9B

Previous: $107B-29.2%
Gain on Sale Margin

2.8%

Previous: 4.4%-36.5%
Capital Expenditures

$19.7M

Previous: $33.2M-40.4%
Free Cash Flow

$4.39B

Previous: $1.95B+124.8%
Net Income

$865M

Previous: $2.84B-69.6%
Operating Income

$855M

Previous: $2.89B-70.4%
Gross Profit

$2.45B

Previous: $4.7B-47.9%
Cash & Equivalents

$2.13B

Previous: $1.97B+8.1%
Total Assets

$32.8B

Previous: $37.5B-12.7%
Stock-Based Comp

$39.8M

Previous: $42.6M-6.5%

Revenue & EPS history

Rocket Companies · Revenue · Quarterly

$2.44B

Q4 2021-49%vs Q4 2020
Beat estimate in 2 of 11 quarters(18%)
ActualEstimate

Revenue by segment

Rocket Companies · $2.45B total across 2 segments · Q4 2021

  • Direct to Consumer
    $2.18B-38.7%
  • Partner Network
    $267M-72.2%

Forward guidance

Rocket Companies expects closed loan volume between $52 billion and $57 billion, net rate lock volume between $50 billion and $57 billion, and gain on sale margins of 2.80% to 3.10% for Q1 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.6%

Avg return

Earnings day

+5.6%

Avg return

5 days after

+3.2%

Avg return

30 days after

50%

12 / 24 earnings

Positive

+14.8%

Q3 2023

Best reaction

-15.5%

Q1 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.4%-14.9%
Q4 2025+2.4%-6.4%-23.1%
Q3 2025+6.0%+2.3%+25.3%
Q2 2025+0.0%+11.4%+21.8%
Q1 2025-4.7%+8.2%+9.6%
Q4 2024+9.1%+16.1%+1.6%
Q3 2024-10.3%-13.7%-20.6%
Q2 2024+6.5%+13.2%+21.4%
Q1 2024+7.6%+13.1%+12.5%
Q4 2023+5.1%+8.6%+28.5%
Q3 2023+14.8%+8.5%+31.2%
Q2 2023+8.5%+10.4%+2.1%
Q1 2023-2.2%-4.3%-4.2%
Q4 2022+1.9%+9.6%+11.5%
Q3 2022-4.5%-0.6%+27.2%
Q2 2022-2.9%-6.0%-25.7%
Q1 2022-11.9%-3.5%-0.6%
Q4 2021+10.4%+20.8%-6.1%
Q3 2021-2.4%-4.3%-10.9%
Q2 2021+9.4%+2.0%-5.7%
Q1 2021-15.5%-21.5%-12.1%
Q4 2020+7.5%+104.7%+17.7%
Q3 2020-1.8%+1.9%-3.0%
Q2 2020-13.7%-20.0%-25.1%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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